What does out-of-pocket expenses mean?
Definitions for out-of-pocket expenses
out-of-pock·et ex·pens·es
This dictionary definitions page includes all the possible meanings, example usage and translations of the word out-of-pocket expenses.
Wikidata
Out-of-pocket expenses
Out-of-pocket expenses are direct outlays of cash which may or may not be later reimbursed In operating a vehicle, gasoline, parking fees and tolls are considered out-of-pocket expenses for the trip. Insurance, oil changes, and interest are not, because the outlay of cash covers expenses accrued over a longer period of time. The services rendered and other in-kind expenses are not considered out-of-pocket expenses, nor are depreciation of capital goods or depletion. Organizations often reimburse out-of-pocket expenses incurred on their behalf, especially expenses incurred by employees on their employers' behalf. In the United States, out-of-pocket expenses for such things as charity, medical bills, and education may be deductions on federal income taxes, according to IRS regulations. To be out of pocket is to have expended personal resources, often unexpectedly or unfairly, at the end of some enterprise.
Numerology
Chaldean Numerology
The numerical value of out-of-pocket expenses in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of out-of-pocket expenses in Pythagorean Numerology is: 2
Examples of out-of-pocket expenses in a Sentence
As somebody who wrote the damn bill, let's be clear : Under the Medicare for All bill I wrote, premiums are gone, copayments are gone, deductibles are gone. All out-of-pocket expenses are gone.
People who have healthcare under Medicare for all will have no premiums, no deductibles, no co-payments, no out-of-pocket expenses. Yes, they will pay more in taxes, but less in healthcare for what they get.
If you just look at our out-of-pocket expenses, things we've paid to contractors, third parties, it's around $ 230,000. It doesn't take into consideration management time or damage to the resort's reputation, our accountants and attorneys are saying that this could be up to an additional $ 200,000.
I think we should say, ‘what did we vote on?,' we saved 100,000 pensions here in Ohio. Many teamsters here in Ohio, in the Mahoning Valley, were going to have their pensions cut in half to two-thirds. We saved those pensions. We just lowered prescription drug costs, capped the Medicare out-of-pocket expenses to $2,000 for seniors, we capped insulin at $35 for people who are in the Medicare program….
People who have health care under Medicare for all will have no premiums, no deductibles, no copayments, no out-of-pocket expenses. Yes, they will pay more in taxes, but less in healthcare for what they get.
Translations for out-of-pocket expenses
From our Multilingual Translation Dictionary
- out-of-menues dépensesFrench
Get even more translations for out-of-pocket expenses »
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"out-of-pocket expenses." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/out-of-pocket+expenses>.
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